Shaw Communications Inc.(SJR)- NYSE
  • Mon, Sep. 26, 4:49 PM
    • Shomi -- the streaming video service launched across Canada last year by Rogers Communications (RCI -0.4%) and Shaw Communications (SJR -1.3%) -- is shutting down at the end of November.
    • The business climate and online video marketplace have changed markedly in the last few years," says the service's general manager, David Asch. "Combined with the fact that the business is more challenging to operate than we expected, we've decided to wind down our operations.
    • Previously available only to the companies' subscribers, Shomi was opened up to all Canadians in summer 2015, with a Netflix-like price of C$8.99/month.
    • Current members will be able to keep viewing until Nov. 30.
    | Mon, Sep. 26, 4:49 PM | 3 Comments
  • Mon, Sep. 19, 6:53 PM
    • ViaWest, the data-center unit of Shaw Communications (NYSE:SJR), says its new center in Plano, Texas, is up and running.
    • The new location (following eight data centers already in Texas) has 148,000 square feet of raised floor (at full build) and multiple redundant fiber-optic networks, along with 700-plus watts/SF capacity available.
    • The company's existing data centers in state offer more than 276,000 square feet of raised floor capacity.
    • It's chosen Texas frequently because of its "supply of stable energy, low risk of natural disasters, ready access to fiber networks and competitive regulatory environment with a low state tax burden."
    | Mon, Sep. 19, 6:53 PM
  • Fri, Jul. 15, 10:17 AM
    • Shaw Communications (NYSE:SJR) managed to triple profits (GAAP basis) in its fiscal Q3 results with the help of its reconfiguration, acquiring Wind Mobile and selling off media assets.
    • After trading up premarket, shares are off 0.7% on the NYSE early this morning.
    • Gains from the C$2.65B sale of Shaw Media to Corus Entertainment led the company to EPS of $1.44 vs. a year-ago $0.42. Of that, the company is classifying $1.33 as from discontinued operations as part of its new pure-play comms approach, leaving $0.11 from continuing operations vs. a year-ago $0.28.
    • The company lost accounts on the consumer side, however: down 47,256, vs. a year-ago decline of 46,023. Of those, cable TV subs fell by 47,482 while satellite video grew by 3,847. Internet subs fell by 8,760 and phone subscribers declined by 14,861.
    • In Business Network Services, the company added 1,489 cable TV subs and lost 2,734 satellite TV subs. Internet subs grew by 458 while phone subs grew by 5,094.
    • Wind Mobile got its one millionth subscriber by May 31. Average revenue per user rose to $36.30 from Q2's $35.
    • Press Release
    | Fri, Jul. 15, 10:17 AM
  • Fri, Jul. 15, 8:05 AM
    • Shaw Communications (NYSE:SJR): FQ3 EPS of $0.11 may not be comparable to consensus of $0.35.
    • Revenue of $1.28B (+12.3% Y/Y) misses by $10M.
    • Press Release
    | Fri, Jul. 15, 8:05 AM
  • Wed, Jun. 29, 5:50 PM
    • Shaw Communications (NYSE:SJR) declares C$0.09875/share monthly dividend, in line with previous.
    • Forward yield 4.77%
    • Payable Sept. 29; for shareholders of record Sept. 15; ex-div Sept. 13.
    • Payable Oct. 28; for shareholders of record Oct. 14; ex-div Oct. 12.
    • Payable Nov. 29; for shareholders of record Nov. 15; ex-div Nov. 11..
    | Wed, Jun. 29, 5:50 PM
  • Wed, May 11, 11:09 AM
    • Canada has denied an appeal by BCE of a decision that requires its telecoms to share their last-mile fiber connections.
    • That means the decision by its regulator (Canadian Radio-television and Telecommunications Commission) is upheld, and smaller firms will get an expansion foothold as Canada's big three -- BCE, Telus (NYSE:TU) and Rogers Communications (NYSE:RCI) -- will have to share connections to homes and businesses.
    • The CRTC made the decision to protect competition in the sector. It "strikes the right balance between the private sector having incentive to invest and consumers having a competitive choice," says Navdeep Bains, the country's minister of innovation.
    • In U.S. trading: BCE -0.4%; TU +1.4%; RCI +0.5%. Shaw Communications (NYSE:SJR), entering the wireless market through its acquisition of Wind Mobile, is up 0.7%.
    • Now read Shaw Communications Picking A Challenging Time To Work To Become The Fourth Major Canadian Telecom Giant »
    | Wed, May 11, 11:09 AM | 4 Comments
  • Tue, May 3, 12:50 PM
    • Streaming service Shomi has expanded its reach further by adding Xbox One to its platforms.
    • The service, jointly offered by Rogers Communications (RCI -1.9%) and Shaw Communications (SJR -1.5%), used You.i TV to power the Xbox version, similar to its offerings for iOS/Android and the PlayStation 4.
    • In a move against Netflix, the two telecoms said last May they would open Shomi to all Canadians rather than only their own TV subscribers.
    • Shomi's now available on Web browsers, iOS/Android, Shaw and Rogers' set-tops, Xbox 360 and One, Apple TV, and Google Chromecast.
    • Now read My Top Media And Publishing Stocks For 2016 »
    | Tue, May 3, 12:50 PM
  • Thu, Apr. 14, 5:54 PM
    • Shaw Communications (NYSE:SJR) declares C$0.09875/share monthly dividend, in line with previous.
    • Forward yield 4.96%
    • Payable June 29; for shareholders of record June 15; ex-div June 13.
    • Payable July 28; for shareholders of record July 15; ex-div July 13.
    • Payable Aug. 30; for shareholders of record Aug. 15; ex-div Aug. 11.
    | Thu, Apr. 14, 5:54 PM
  • Thu, Apr. 14, 10:13 AM
    • Shaw Communications (NYSE:SJR) is off 2.9% after seeing revenue gain slightly in its fiscal Q2 results -- but miss expectations, as did net income that declined nearly 6%.
    • EBITDA of C$658M came in ahead of an expected C$567.9M, though.
    • Shortly following the end of the quarter on Feb. 29, the company closed on its acquisition of Wind Mobile and its sale of Shaw Media, shifting the forward business considerably toward wireless communications and a purer play on connectivity.
    • Revenue by segment: Consumer, $934M (down 0.3%); Business Network Services, $137M (up 6.2%); Business Infrastructure Services, $89M (up 48.3%).
    • Press Release
    • Now read Shaw Communications Picking A Challenging Time To Work To Become The Fourth Major Canadian Telecom Giant »
    | Thu, Apr. 14, 10:13 AM | 1 Comment
  • Thu, Apr. 14, 8:13 AM
    • Shaw Communications (NYSE:SJR): FQ2 EPS of C$0.24 misses by C$0.10.
    • Revenue of C$1.15B (+2.7% Y/Y) misses by C$120M.
    • Press Release
    | Thu, Apr. 14, 8:13 AM
  • Fri, Apr. 1, 12:52 PM
    • Shaw Communications (SJR -0.9%) has closed on the sale of its Shaw Media broadcasting unit to Corus Entertainment (OTCPK:CJREF +3.6%).
    • The deal was for C$2.65B; Shaw has received about C$1.85B in cash and 71,364,853 Corus Class B (nonvoting) shares at $11.21/share.
    • That means Shaw -- a sister company to Corus, with the Shaw family controlling both -- owns about 37% of Corus' issued equity of A and B shares.
    • Shaw has turned and used proceeds to repay bridge financing tied to its acquisition of Wind Mobile.
    • The deal was contentious as activists at Catalyst Capital put up hurdles, saying the Shaw family benefited disproportionate vs. the rights of minority shareholders. Ultimately, those minority investors approved (not overwhelmingly) of the deal.
    • Now read Shaw Communications Picking A Challenging Time To Work To Become The Fourth Major Canadian Telecom Giant »
    | Fri, Apr. 1, 12:52 PM | 1 Comment
  • Wed, Mar. 23, 5:13 PM
    • Corus Entertainment (OTCPK:CJREF -2.3%) has gotten the OK for its C$2.65B takeover of Shaw Media (SJR -1.5%) from the Canadian Radio-television and Telecommunications Commission.
    • That clears the decks for a closing on April 1. Shareholders approved the deal on March 9 -- including minority shareholders, amid concerns that the Shaw family that controls both companies was unfairly benefiting.
    • The deal's C$2.65B price is to be paid through a combination of cash and Corus Class B shares; Corus gets a combined media portfolio that covers 45 specialty services, 15 conventional channels, 39 radio stations, and a global content business along with digital assets.
    • Previously: Corus shareholders approve C$2.65B Shaw Media purchase (Mar. 09 2016)
    • Previously: Regulator: Corus doesn't need more disclosure on C$2.65B Shaw deal (Mar. 07 2016)
    | Wed, Mar. 23, 5:13 PM
  • Wed, Mar. 9, 5:26 PM
    • Shaw Communications (SJR +0.3%) is rolling out an overhaul of its senior leadership team.
    • All on the team will report to CEO Brad Shaw. Jay Mehr, most recently executive VP and chief operating officer, is named president and takes responsibility for operational and customer-facing areas, including the recently acquired Wind mobile business.
    • Vito Culmone is chief financial officer with new responsibility for facilities and real estate. Jim Little is chief marketing and culture officer, taking on new duties in human resources and Shaw corporate culture.
    • Peter Johnson leads the legal team as chief legal and regulatory officer, taking on expanded roles in regulatory and government relations.
    • The rest of the team: Trevor English, chief strategy and business development officer; Nancy Phillips, CEO of ViaWest; and Zoran Stakic, chief technology officer.
    | Wed, Mar. 9, 5:26 PM
  • Wed, Mar. 9, 12:13 PM
    | Wed, Mar. 9, 12:13 PM | 2 Comments
  • Mon, Mar. 7, 4:40 PM
    | Mon, Mar. 7, 4:40 PM | 2 Comments
  • Fri, Mar. 4, 7:11 PM
    | Fri, Mar. 4, 7:11 PM